Pakistani exporters wish to use third party banking channels, especially the Chinese bank, to do trade with Tehran since Pakistan has a paltry $35 million exports to Iran due to the US sanctions imposed on the neighboring country.

Pakistan has asked Iran to lift restrictions and resume the issuance of transit permits for transportation of Pakistani goods via land route to Russia, Central Asian states and Middle Eastern countries.

Director General of Iran's Central Bank reports Turkey and Iran's banking cooperation will rise on the eve of Erdogan's visit to Iran and Pakistan's local currency will be exchanged in Iran and vice versa.

Mohammad Nahavandian says by next three months a credit line between central banks of Iran and Pakistan will be established with the value of 500 million euros as well as opening the bank branches in territories of two countries.